Trump Says He’s ‘Not Happy’ About Fed’s Interest Rate Increase

He’s broken with more than two decades of White House tradition of avoiding comments on monetary policy.

President Donald Trump comments on the FOMC’s decision to raise rates for the third time this year.(Source: Bloomberg)
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President Donald Trump said Wednesday he’s “not happy” about the Federal Reserve’s decision hours earlier to raise interest rates for a third time this year.

“Unfortunately, they just raised interest rates,” Trump said at a press conference in New York, where he was attending the annual United Nations General Assembly. “I am not happy about that.”